EstatePass
Pa Property Tax Assessment AppealsMillage_calculationsMEDIUM

A PA real estate agent is explaining property taxes to a buyer considering two properties in different school districts. Property A has an assessed value of $180,000 with a school millage of 28 mills. Property B has an assessed value of $220,000 with a school millage of 20 mills. Which property has the higher school district tax?

Correct Answer

B) Property A at $5,040

Property A school tax: $180,000 × 28 / 1,000 = $5,040. Property B school tax: $220,000 × 20 / 1,000 = $4,400. Property A has the higher school tax despite the lower assessed value because of the higher millage rate.

Answer Options
A
Cannot be determined without the CLR
B
Property A at $5,040
C
Both properties have the same school tax
D
Property B at $4,400

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Pa Property Tax Assessment Appeals Question

Sign up free to unlock full analysis

Background Knowledge for Pa Property Tax Assessment Appeals

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Pa Property Tax Assessment Appeals

Sign up free to unlock full analysis

Common Mistakes to Avoid on Pa Property Tax Assessment Appeals Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

tax_comparisonmillage_impactschool_districtbuyer_education
Was this explanation helpful?

More Pa Property Tax Assessment Appeals Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing